Cache Inc (CACH)

[Keech63]

Spot on, SANDRA, and thank you for your Candor and relentless tenacity in defending the longs who've invested in this company. I have been, like you, holding and accumulating shares in CACH for over four years.

I believe now is as good a time as ever to share some DD that my research into this company, CACHE, has afforded me.

I am going to start with Brian Woolf, as there seems to be some contention surrounding him.

It is true that Brian Woolf at one point stepped down from his role as CEO of Cache,. Fact is, he was CEO of CACH for eight years (2005-2013).


He left left CACHE to take over as CEO for Body Central,


Per: https://www.globenewswire.com/news-release/2013/02/05/521107/10020763/en/Body-Central-Names-Brian-P-Woolf-as-Chief-Executive-Officer-and-Member-of-Its-Board-of-Directors.html

"Mr. Woolf commented, "I am thrilled to be joining Body Central and look forward to working with the entire team as we continue to develop our brand and strategy. I am excited about the opportunity to grow the company, strengthen our junior business and increase shareholder value."

Mr. Woolf brings more than 40 years of specialty retailing and department store experience to the company. Most recently, he was Group President for Lane Bryant, Lane Bryant Outlet Stores and Cacique. In this role, he led all aspects of the business Mr. Woolf previously spent eight years at the helm of Cache as CEO. He has also served as EVP, and spent 20 years at Macy's/Federated Department Stores at the start of his career.
Founded in 1973, Body Central Corp. is a growing, multi-channel, specialty retailer offering on-trend, quality apparel and accessories at value prices. As of December 31, 2012 the Company operated 276 specialty apparel stores in 26 states under the Body Central and Body Shop banners, as well as a direct business comprised of a Body Central catalog and an e-commerce website at www.bodyc.com. The Company targets women in their late teens and twenties from diverse cultural backgrounds who seek the latest fashions and a flattering fit. Stores feature an assortment of tops, dresses, bottoms, jewelry, accessories and shoes sold primarily under the Company's exclusive Body Central® and Lipstick® labels.



Why is this important to the trade? Well, John Cato Founder and CEO of Cato Fashions Inc., in addition to purchasing the IP rights to CACHE Inc., on the same day; purchased Body Central.
PER:
https://seekingalpha.com/article/3213636-cato-looks-undervalued-and-could-see-further-lift-from-cache-and-body-central-ip-purchases

So it should be obvious that John Cato knew Brian Woolf from the retail industry.


So when Brian Woolf stepped down from CACHE, is when Jay Margolies took over as CEO. More DD to come.